ZionCoin MarketCap Cryptocurrency Listing

Altcoin season may be weeks away, according to Coinbase Institutional’s latest monthly outlook, which forecasts a shift in market leadership from bitcoin to alternative cryptocurrencies beginning in September.Altcoin season refers to a market phase when cryptocurrencies other than bitcoin — often led by Ethereum's ETH, Solana's SOL, and other large-cap tokens — post significantly higher percentage gains than BTC over a sustained period.The Aug. 14 report, authored by David Duong, Coinbase’s global head of research, identifies three main drivers: falling bitcoin market dominance, improving liquidity and growing investor willingness to rotate into higher-beta assets. Duong frames this as a cyclical transition, with capital moving down the risk curve as market confidence builds.Bitcoin dominance — its share of total crypto market value — has shown signs of softening after peaking earlier this year. Coinbase argues that as this measure declines, capital historically flows into large-cap altcoins, and then into mid- and small-cap names. This rotation effect, they suggest, will become more pronounced in September.Liquidity trends are also turning more favorable for altcoins. Coinbase notes tighter bid-ask spreads and deeper order books across major exchanges, making it easier for traders to enter and exit altcoin positions without incurring heavy slippage. Improved liquidity often encourages participation from larger players who might otherwise avoid less-traded tokens.The third factor is sentiment. Duong writes that as macro conditions stabilize and volatility remains contained, investors are more likely to seek higher returns in riskier crypto assets. This environment could foster sustained inflows into the altcoin market, particularly if bitcoin’s price consolidates rather than surges to new highs.Coinbase stops short of predicting which tokens will lead the charge but highlights the pattern from previous market cycles, where blue-chip altcoins outperformed first, followed by smaller-cap assets. The report cautions that while September may mark the start, the duration and magnitude of the move will depend on both market and macroeconomic conditions.BTC is up 27.2% year-to-date but has trailed some major altcoins such as ETH (+37.9%) and XRP (+49%), while others like SOL (+1.67%), ADA (+8.96%) and DOGE (-27.5%) have lagged. Coinbase maintains that market conditions overall could favor a broader rotation into altcoins in the coming months.... Read more

Crypto markets saw over $1 billion in leveraged positions wiped out in the past 24 hours after hotter-than-expected U.S. Producer Price Index (PPI) data fueled fears of persistent inflation and delayed Federal Reserve rate-cut expectations. The sell-off came hours after bitcoin hit a fresh all-time high above $123,500, with traders unwinding risk across the board. Major memecoin dogecoin (DOGE) fell 9% to lead losses among majors, with Solana's SOL, XRP, and BNB Chain's BNB dropping between 3-7%.Liquidation data shows $866 million in long positions were erased — more than six times the $140 million in shorts — as prices reversed sharply from recent highs. Ether traders took the biggest hit, with $348.9 million liquidated, followed by Bitcoin at $177.1 million. Solana, XRP, and Dogecoin saw $64.2 million, $58.8 million, and $35.8 million in liquidations, respectively.Bybit accounted for the largest share of the wipeout, at $421.9 million, with more than 92% of those losses stemming from overleveraged long positions. Binance followed with $249.9 million in liquidations, while OKX saw $125.1 million. The largest single liquidation was an ETH-USDT perpetual swap worth $6.25 million on OKX.Jeff Mei, COO at BTSE, said the inflation surprise “put the brakes on an incredible crypto rally this past week,” adding that markets are likely to “hover around their current levels until more positive guidance comes from the Fed.” He noted the ongoing “threat of inflation continues to persist and could impact the likelihood of rate cuts in September.”Nick Ruck, director at LVRG Research, pointed to the broader macro pressure on crypto’s recent gains. “This week in crypto saw BTC reaching a new all-time high but later impacted by macroeconomic tremors,” he said in a Telegram message. “Inflation surged much higher than expected, reinforcing fears of sticky inflation and delaying Fed rate-cut expectations.""The sell-off underscores crypto’s growing sensitivity to macro liquidity shifts, with traders now eyeing labor metrics in early September for clues on the Fed’s next move. We’re optimistic that the market will rebound as the fundamental values of crypto driving the bull run remain in place," Ruck added.Traders are now watching U.S. economic data releases and Fed commentary closely, with September shaping up as the next major inflection point for monetary policy.... Read more

XRP fell sharply in the last 24 hours as large-scale liquidations swept through the market, pushing the token to its lowest levels in over a week before signs of stabilization emerged. The move saw over $1 billion in market-wide liquidations and record intraday selling volume, testing critical institutional support near $3.05. Despite the drop, late-session buying hints at renewed accumulation from large holders as selling pressure eased.News BackgroundMarket-wide liquidations exceeded $1 billion, amplifying downside pressure across major cryptocurrencies.XRP’s selloff coincided with a midday capitulation event, with volume reaching 436.98 million units — one of the largest single-hour prints this quarter.Ripple’s CTO reiterated the XRP Ledger’s readiness for global financial infrastructure use, offering fundamental support amid technical weakness.Broader crypto market declines aligned with profit-taking in U.S. equities, shifting risk sentiment to the downside.Price Action SummaryXRP dropped from $3.34 to $3.10 in the 24 hours from Aug. 14 03:00 to Aug. 15 02:00 (-7.19%).Session range spanned $3.34 to $3.05, a $0.29 move representing 8.69% volatility.The steepest decline occurred at 12:00, with price falling from $3.22 to $3.09 on heavy volume.Following the drop, XRP traded in a narrow $3.05–$3.13 band, signaling reduced sell-side momentum.Late-session trading saw price recover from $3.09 to $3.10, breaking back above immediate resistance.Technical AnalysisSupport confirmed between $3.05–$3.09 on multiple retests during high-volume selling.Resistance now sits at $3.13, with secondary resistance at $3.20.Declining volume after the midday spike suggests liquidation exhaustion.Final 60 minutes saw two notable volume surges — 4.53M and 3.76M — confirming institutional interest at support.Recovery above $3.10 in low-liquidity conditions may indicate early-stage re-accumulation.What Traders Are WatchingFollow-through buying above $3.13 to confirm short-term reversal.Large-holder wallet activity for signs of renewed accumulation.Whether $3.05 holds during the next wave of market-wide volatility.Funding rate shifts in XRP derivatives markets that could signal leverage re-entry.Broader correlation with equity markets as Fed rate cut bets continue to drive risk sentiment.... Read more

A crypto trader says Bitcoin is at a “key resistance” similar to the level where it topped in 2021, but other traders argue historical charts can’t be applied to this cycle.... Read more

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.As Hong Kong begins its trading day, ETH is changing hands above $4600, down 3% on-day.As ETH is up nearly 16% in the last week, and 45% in the last month, this probably isn't a concern for most traders. After all, the ETH/BTC ratio has broken above its 365-day moving average, a signal that has historically marked extended periods of ETH outperformance, and spot ETF flows are reinforcing the move.However, the same data shows early warning signs of near-term cooling, as CryptoQuant argued in a recent report.Daily ETH inflows to exchanges have surpassed Bitcoin’s, suggesting some holders are positioning to take profits. ETH’s MVRV ratio against BTC has risen from 0.4 in May to 0.8, approaching historical overvaluation territory. CryptoQuant warns that in past cycles, such levels have preceded pauses or pullbacks in ETH’s relative strength.Trading desks echo this view.In a recent note, France-based FlowDesk reports that while there were $1 billion in single-day ETH ETF inflows on Monday, with broad client buying versus BTC and SOL, there were also increased call overwriting in ETH options at the $7K–$8K strikes for December — a sign some are capping upside expectations.QCP framed ETH’s rally within a macro backdrop of softer headline CPI in its daily Asia Color telegram update, with strong expectations for a September Fed cut, and geopolitical easing, but flags upcoming Jackson Hole remarks and remaining CPI/NFP prints as potential sentiment pivots.Market maker Enflux added in comments to CoinDesk that a hotter-than-expected PPI print reminded traders that inflation risks remain uneven, and that ETH’s outsized performance could invite consolidation.While the structural drivers remain intact, ETF demand, institutional participation, and favorable on-chain signals, the market is entering a phase where stretched positioning and macro event risk could test ETH’s momentum. As CryptoQuant’s data shows, the rally is strong, but so are the early signs of profit-taking.Market MoversBTC: Bitcoin fell over 3% from record highs after hotter U.S. inflation dampened rate cut hopes and the Treasury signaled it will not expand Bitcoin purchases for its strategic reserve.ETH: ETH is down 3.3% as sell pressure increases, as traders take profit after a record rally.Gold: Gold fell 0.62% to $3,336.6 as hotter U.S. inflation and strong jobs data boosted the dollar and yields, trimming expectations for a large September Fed rate cut.Nikkei 225: The Nikkei 225 opened higher as Japan’s economy grew an annualized 1.0% in Q2, beating forecasts on strong exports and capital spending, though analysts warn U.S. tariffs could slow growth in the coming months.S&P 500: U.S. stocks stalled Thursday as a hotter-than-expected PPI dampened hopes for a large September rate cut. Goldman Sachs warns its models show elevated odds of an S&P 500 drop, citing low volatility and growing tariff risks.Elsewhere in Crypto:U.S. Blacklists Crypto Network Behind Ruble-Backed Stablecoin and Shuttered Exchange Garantex (CoinDesk)Strategy Pushed ‘Deceptive’ Comparison to Apple and NVIDIA, Wall Street Veteran Says (Decrypt)Crypto Casino CEO Charged After Allegedly Gambling Away Investors' Millions (Decrypt)... Read more

US Treasury Secretary Scott Bessent clarified on X that the department is still exploring budget-neutral ways to purchase Bitcoin, contrasting an earlier comment that tanked the crypto markets.... Read more

The most popular US stocks in South Korea are Ethereum treasuries and crypto companies, Ant Group denies Yuan stablecoin plan. Asia Express.... Read more

Treasury Secretary Scott Bessent began Thursday by dashing the hopes of at least some bitcoiners, saying the Strategic Bitcoin Reserve would be made up of the $15 billion to $20 billion already held by the government, but that there was no intention of making any fresh purchases.He ended the day, however, by seemingly contradicting those remarks, saying his department is "committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve."The fresh buys would be in addition to tokens forfeited to the government, which will be the “foundation” of the reserve, Bessent said.U.S. President Donald Trump signed an executive order in March to create a strategic bitcoin reserve which Bessent has advocated for. Earlier this month, Bo Hines, the leader of the White House's Council of Advisors on Digital Assets — whose tasks, among other things, included the SBR — exited his position.Bitcoin (BTC) continued to trade at about $118,000 late in the U.S. afternoon Thursday, down sharply since hitting a new record high of $124,000 just hours earlier.The bulk of the decline came after a far stronger than anticipated Producer Price Index report, which called into question the idea that inflation is receding enough for the Federal Reserve to trim interest rates in September.... Read more

Wall Street bankers are hammering away at some provisions of the new U.S. stablecoin law that was hailed by President Donald Trump and the crypto sector as a huge first step toward establishing a fully regulated U.S. industry, and the banks are joined by unusual bedfellows from the consumer-advocate world in sounding alarms.Hoping to revise and cut provisions that might threaten aspects of the current financial system, the American Bankers Association and other bank lobbying groups aligned in a letter this week with Americans for Financial Reform — usually a staunch opponent of Wall Street's policy aims — and the National Consumer Law Center. One provision of the stablecoin law known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act lets a stablecoin-issuing subsidiary of a state-chartered uninsured depository institution run money-transmission and custody services nationwide, which the bankers argue bypasses existing state licensing and oversight.Their letter asked several key U.S. senators to insist that whole section be erased entirely."Ignoring state law in this regard invites regulatory arbitrage, allowing certain uninsured depository institutions special privileges to operate across state lines as federally insured banks currently do, but without the panoply of regulatory and supervisory requirements, or limitations on preemption applicable to those institutions," the August 13 letter argued.The bank lobbyists, also cooperated in a separate effort to protect deposits and other core aspects of their businesses from the GENIUS Act, arguing in another letter to lawmakers this week that the law leaves an opening for crypto firms to offer returns on stablecoins. While the law bans stablecoin issuers themselves from offering interest or yield, it doesn't stop the issuers' affiliates or exchanges from doing so indirectly. The bankers fear a massive loss of deposits and money-market fund activity from the resulting rivalry stablecoins might offer."Congress must protect the flow of credit to American businesses and families and the stability of the most important financial market by closing the stablecoin payment of interest loophole," according to the groups, including the ABA, Bank Policy Institute, Financial Services Forum and others. Banks turn deposits into loans, so the lack of deposits threatens necessary U.S. lending.The GENIUS Act was signed into law by President Trump, but the bigger and more complex legislation to regulate U.S. crypto markets is still pending. That future bill, which already passed the House of Representatives as the Digital Asset Market Clarity Act, could still overhaul provisions of the stablecoin law, even before that new law is converted into rules by the U.S. financial regulators. That's what the bankers are advocating, alongside their temporary customer-advocate allies.Read More: Banks Must Adopt Crypto or 'Be Extinct in 10 Years,' Eric Trump Says... Read more

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Thursday sanctioned a network of companies, exchanges and executives linked to shuttered Russian crypto exchange Garantex and the ruble-backed stablecoin A7A5, accusing them of helping Moscow skirt international sanctions.Garantex, founded in 2019 and once licensed in Estonia, processed more than $100 million in transactions linked to ransomware and darknet activity, OFAC said. U.S. officials, working with German and Finnish police, seized its web domain and froze $26 million in March, which quickly prompted the creation of its successor Grinex to continue operations, officials said.OFAC said on Thursday that Grinex transferred customer funds from Garantex and used the A7A5 token to restore access after the seizures. Issued by Kyrgyzstan-based firm Old Vector, A7A5 was created for Russian users of A7 LLC, a cross-border settlement platform, the agency said.It is backed by Russia’s state-owned Promsvyazbank (PSB), who was sanctioned for financing the defense industry, and Moldovan politician Ilan Shor, who was convicted in a $1 billion bank fraud case, the Centre of Information Resilience reported.OFAC sanctioned Old Vector, A7 LLC and its subsidiaries A71 and A7 Agent, blocking them from the U.S. dollar-based financial system and barring U.S. persons from interacting with any of these entities or more than a dozen crypto addresses tied to them.Key Garantex executives Sergey Mendeleev, Aleksandr Mira Serda and Pavel Karavatsky were also sanctioned, along with Mendeleev’s firms InDeFi Bank and Exved, accused of enabling sanctioned Russian businesses to trade through crypto rails.Treasury officials said the action, coordinated with the U.S. Secret Service and the FBI, was aimed to cut off digital asset channels used for ransomware and sanctions evasion."Exploiting cryptocurrency exchanges to launder money and facilitate ransomware attacks not only threatens our national security, but also tarnishes the reputations of legitimate virtual asset service providers," said John K. Hurley, Under Secretary of the Treasury for Terrorism and Financial Intelligence, in a statement.Crypto rails to evade sanctionsA7A5 has grown rapidly this year, processing about $1 billion a day by July, according to blockchain analytics firm Elliptic's report. The firm said the token underpins a "sanctions evasion scheme" enabling Russian companies to settle cross-border payments outside the traditional banking system.Chainalysis estimated the token’s cumulative transaction volume exceeded $51 billion through July, warning it offers "a new, crypto-native avenue to bypass the ever-tightening sanctions against Russia.""The emergence of the A7A5 network sanctioned today further illustrates how Russia is operationalizing these alternative payment rails," the firm said.Read more: Tether, Tron-Backed T3 Financial Crime Unit Has Frozen $250M of Criminal Assets in a Year... Read more

Polygon's POL token tumbled 6% on Thursday, falling through key support levels as higher-than-expected U.S. inflation data shook risk assets.POL traded in a wide 10% range over the past 24 hours, climbing from $0.25 to $0.26 in early trading before reversing sharply, data from CoinDesk Analytics shows.A burst of selling sent the token down to $0.24, with trading volume spiking to 1.1 million units — more than triple its 24-hour average. The $0.26 mark has now emerged as a significant resistance zone after the high-volume rejection.The selloff came alongside a broader market decline triggered by a U.S. producer price index (PPI) report showing a 0.9% month-over-month rise in July, the biggest jump in more than three years. The data, which measures wholesale inflation before it reaches consumers, dampened expectations for Federal Reserve rate cuts and pressured speculative assets.The CoinDesk 20 Index, a benchmark for the broader crypto market, dropped 4% over the same period, as profit-taking accelerated across major tokens. POL was last changing hands near $0.24, with momentum indicators signaling further downside risk.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.... Read more

Block’s Proto Rig and Proto Fleet aim to reduce upgrade costs and extend rig lifespans, giving miners a potential edge in a capital-intensive, increasingly AI-integrated industry.... Read more

Crypto prices slipped Thursday after an unexpectedly hot PPI inflation print, but analysts said it's just a pullback within the rally.The CoinDesk 20 Index of largest cryptocurrencies fell 2.1% over the past 24 hours, with bitcoin (BTC) dropping 2.3%. XRP (XRP) lost 4.6% with ether (ETH) outperforming by edging down 0.7%."The pullback is, in my view, simply a recalibration in an otherwise bullish trend," said David Siemer, co-founder and CEO of Wave Digital Assets. "Bitcoin remains firmly entrenched as the anchor of institutional crypto strategies."Bitcoin's (BTC) rush to new all-time highs over $124,000 was fueled by rising expectations for Federal Reserve interest-rate cuts in September coupled with surging ETF inflows and institutional adoption.The Thursday reversal to as low as $118,000 was "equally normal," he said."After such a sharp rally, profit-taking tends to set in, and we saw short-term traders liquidate their positions and take gains," Siemer said. "In addition, higher-than-expected inflation data, particularly around core consumer prices, has tempered some of the Fed optimism that drove the rally."It’s a healthy consolidation rather than a reversal," he concluded.Joel Kruger, market strategist of LMAX Group shared a similar view."It comes as no surprise to see a round of profit taking kick in following some impressive moves in crypto markets this week," Kruger wrote in a morning note. "But overall, the outlook remains highly constructive and dips should be well supported."Looking ahead, key risks for crypto prices are potential overextension of valuations, geopolitical turbulence or economic data that could recalibrate Fed projections, Kruger added.Still, late bulls were punished for their exuberance. The shakeout triggered a massive leverage flush, liquidating over $1 billion in leveraged trading positions across all crypto derivatives over the past 24 hours, mostly longs betting on rising prices, CoinGlass data shows.That's the largest long liquidation since at least the late July-early August plunge. That time, BTC dipped below $112,000 and many altcoins saw double-digit pullbacks, eventually carving out the local bottom for most of the digital asset market."The 'I guess opening a 50x long after a 7-day 50% move was not the best idea' type of shakeout here," well-followed trader Bob Loukas said in an X post.Read more: Bitcoin Hits $124K Record as 4 Tailwinds Align: Crypto Daybook Americas... Read more

NEAR Protocol saw heightened volatility in the 24 hours ending August 14 at 14:00 UTC, with prices fluctuating between $2.78 and $3.05 before settling at $2.82. The decline from the $3.05 resistance to $2.75 support was driven by heavy institutional selling, totaling nearly 20 million tokens during peak pressure. Despite this, the asset’s fundamentals remain strong, supported by a sizable active user base of 16 million weekly participants.In the hour following the selloff, NEAR gained 0.35% to $2.83, trading within a controlled $0.07 range between $2.81 and $2.85. Key institutional buying appeared at several intervals, helping the token breach short-term resistance at $2.83–$2.84 and reach session highs of $2.85. Trading volume eased to roughly 100,000 tokens per minute, suggesting accumulation rather than speculative retail activity, with preliminary support forming near $2.81–$2.82.Market Performance Indicators Reflect Mixed Corporate OutlookNEAR Protocol recorded substantial price volatility with a $0.26 trading range representing 8.53% movement between the session high of $3.05 and low of $2.78.The cryptocurrency initially demonstrated upward momentum from $2.90 to reach $3.05 during evening trading hours, establishing technical resistance at the $3.04-$3.05 level.Significant institutional selling occurred during August 14 between 12:00-13:00 UTC with exceptional trading volumes of 19.99 million and 12.22 million tokens respectively.Daily trading activity substantially exceeded the 24-hour average of 5.47 million tokens, reflecting heightened institutional selling pressure.Market price declined to $2.75 before corporate buying interest supported a recovery to $2.82 at session close.High-volume institutional selling patterns suggest potential continued downside risk despite modest recovery attempts, according to market strategists.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.... Read more

ATOM-USD saw sharp volatility between 13 August 15:00 and 14 August 14:00, trading between $4.49 and $4.91 with volume spiking to 5.62M units—over 322% above average. After holding in the $4.82–$4.85 range and briefly hitting $4.91, the asset faced an aggressive selloff from 06:00 on 14 August, bottoming at $4.53 at 12:00 on heavy volume, signaling potential capitulation.Buyers quickly stepped in, establishing fresh support near $4.60 and restoring confidence in the Cosmos ecosystem. This price level became a key threshold as selling pressure eased and trading stabilized.During the 60-minute recovery window from 13:20 to 14:19 on 14 August, ATOM rose from $4.60 to $4.61, peaking at $4.64 before consolidating in a tight $4.59–$4.62 range. This confirmed $4.60 as a support base, suggesting a potential launch point for future gains.While resilience is evident, resistance at $4.91 remains untested. Holding $4.60 will be crucial for maintaining bullish momentum, with any breakdown risking renewed downside pressure.Technical Indicators Point to ConsolidationPrice range of $0.42 representing 9% volatility between $4.91 maximum and $4.49 minimum.Volume spike to 5.62 million units, exceeding 24-hour average of 1.33 million by 322%.Resistance level established at $4.91 during early morning hours of 14 August.Support base formation around $4.60 following recovery from $4.53 low.Consolidation pattern between $4.59-$4.62 range indicating potential stabilization.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.... Read more